Market outlook for 28/11/2013

Nifty closed down 2.00 points (0.03%) at 6057.10 while Nifty Future closed at 6069.70, premium of 12.60 points.
Bank Nifty closed down 10.05 points (0.09%) at 10899.30 while Future closed at 10924.00, premium of 24.70 points.

• FII sold in Cash (Net sell 48.53 Crore)
• FII sold in index future, index option and in stock future (Net sell 337.02 Crore)
• DII sold in Cash (Net sell 58.13 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 577:766.
• McClellan's oscillator for NSE at -26.

NIFTY TECHNICAL

Current Spot: 6057.10
Pivot: 6054
5DEMA: 6066
10DEMA: 6083
20DEMA: 6099
50DEMA: 6003
RSI (14 days): 48.19
Parabolic SAR: 6139
Supports: 6034 - 6010 - 5990
Resistance: 6077 - 6098 - 6121

Nifty Future VIX Range: 6002 - 6144
Nifty Future VWAP: 6061.25
MP Values Nifty Future: VAH - 6071, POC - 6059, VAL - 6047

TARGET NIFTY
Buy Nifty Future above 6074 - 6089 - 6110 - 6135 SL - 6059
Sell Nifty Future below 6056 - 6045 - 6020 - 5995 SL - 6071

BANKNIFTY TECHNICAL

Current Spot: 10899.30
Pivot: 10896
5DEMA: 10906
10DEMA: 10916
20DEMA: 10908
50DEMA: 10601
RSI (14 days): 51.24
Parabolic SAR: 10455
Supports: 10831 - 10763 - 10697
Resistance: 10965 - 11030 - 11098

Bank Nifty Future VIX Range: 10707 - 11155
Bank Nifty Future VWAP: 10898.87
MP Values Bank Nifty Future: VAH - 10920, POC - 10885, VAL - 10850

TARGET BANKNIFTY
Buy BankNifty Future above 10945 - 11020 - 11120 - 11230 SL - 10913
Sell BankNifty Future below 10908 - 10840 - 10740 - 10630 SL - 10943

INTRADAY TRADE
Reliance: Buy above 845 for targets of 849, 856 SL 839
Reliance: Sell below 835 for targets of 831, 825 SL 843
Ceatltd: Buy above 280 for targets of 283, 290 SL 275
Dhfl: Buy above 171 for targets of 174, 180 SL 166

SCORE SHEET
Yesbank: Buy above 364 for targets of 367, 374 SL 359: Call not active
Ubl: Buy above 780 for targets of 790, 806 SL 768: Target 814.00 done

POSITIONAL TRADE
Mothersumi: Buy above 291 for target of 310 SL 285 (2-3 Days)
Jpinfratec: Buy above 19.5 for target of 22 SL 19 (1 Week)

Thanks and Regards

MarketPulse S&P